Feds decide not to retry lawyer and police officer in mortgage fraud case

It's the right decision. After two really long mortgage trials before Judge Cohn, the government needs to cut its losses. From the Sun-Sentinel:

Federal prosecutors said Wednesday they are dropping all criminal charges against a Fort Lauderdale lawyer and a former police officer arrested last year in a mortgage fraud investigation.

The decision to dismiss the cases against attorney Steven Stoll and former Plantation Police Officer Dennis Guaracino comes a month after a Fort Lauderdale federal jury deadlocked on the charges against them.

The two men and Joseph Guaracino, who is Dennise Guaracino's brother, spent more than five months on trial defending themselves against allegations resulting from "Operation Copout" — an inquiry into a group of police officers involved in suspicious real estate transactions.

The U.S. Attorney's Office will continue pursuing its case against Joseph Guaracino, whose first trial also ended in a hung jury, federal prosecutors told U.S. District Judge James I. Cohn.

Not a good day for Joseph Guaracino though... I wonder why the different decision. Anyone have the scoop here?

And I know I'm being annoying on the press release issue, but shouldn't the feds issue a release about its decision to drop the case against the other two. If you google their names, the arrest press release still comes up... If the USAO can do a release on every illegal lobstering arrest (there seems to be a bunch of those on the website), then certainly they can do one here, no?

Mistrial in 4 month long mortgage fraud trial

This was trial #2 in the cop mortgage fraud trial, where trial #1 resulted in 4 of the 6 defendants being acquitted. For the second group of defendants, the jury hung, and I'm told it was 10-2 for acquittal. I feel for Judge Cohn, the defendants, their lawyers, and the prosecutors. This was an excruciatingly long trial. Is the government going to retry these defendants? As I've said before, I don't think retrials in cases like these are appropriate:

I'm not sure why a prosecutor should be able to retry a case after he couldn't convince a jury to convict. Isn't that reasonable doubt? To force someone to defend against two federal trials is impossible in every way -- financially and emotionally. The government had its shot in what was a controversial prosecution. Now time to go after a real criminal.

We're second...

... to Rhode Island?!!

I demand a recount.

Well, we're trying to be first, with 41 arrests today. Here's the Herald coverage of all the mortgage fraud stuff going on.

So, will UBS settle? Trial is "looming" Monday. Judge Gold will have one last status conference this Friday.

BLT has a number of interesting posts, including this one on 11th Circuit nominee Beverly Martin. Looks like she will be confirmed...

Effective closing or a lemon in the Representative Jefferson case? We'll find out shortly. Here's the BLT coverage:

Lemons have an odd way of sprouting in the legal lexicon. Lemon laws protect car buyers. The Lemon test helps govern the separation of church and state. And today, lawyers for ex-Rep. William Jefferson (D-La.) introduced what might be called "the lemon defense."
In closing arguments this afternoon in the U.S. District Court for the Eastern District of Virginia, Washington defense attorney Robert Trout told the jury that the FBI had targeted Jefferson in a sting operation, in which the bureau tried to catch him paying bribe money to the vice president of Nigeria. But when the money turned up in Jefferson’s freezer instead of the vice president’s house, Trout said, investigators realized they had "a lemon of a case."
"They decided they wanted to make lemonade out of lemons," the Trout Cacheris name partner continued on. “And before you can do that, you’ve got to squeeze a lot of lemons. And so they squeezed some lemons."
The "lemons" squeezed by the FBI, Trout said, were the witnesses who would eventually testify that they bribed Jefferson to use his congressional connections to set up business deals in Africa.